Canada Mining News

From Yukon to Patagonia, gold explorers stir after sleep

Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.

World’s largest gold miner hit by Tanzania export ban

Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.

Panel looks to overhaul Canadian oil and gas project approvals

Only after a project got a conditional yes or no from the federal government would it enter a two-year environmental review.

Workers block access to First Majestic’s La Encantada mine in Mexico

Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.

Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources

Transaction could become one of the country’s one of the biggest-ever equity sales.

Tanzania outs mining minister over alleged collusion with companies to evade taxes

Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.

China’s Zijin pays off stake in Ivanhoe’s Congo copper project

Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.

Dominion Diamond to seek permits for underground project at Ekati in Q3

The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.

Kinross sells White Gold District properties for approx. C$60 million

Kinross Gold (TSX:K,NYSE:KGC) has unloaded five of its properties in the Yukon White Gold District to newly formed company White Gold Corp (TSXV:WGO) in a cash and share deal worth around C$60 million.

Top 10 financings in April

April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total.

These 4 charts will turn you into a (raging) zinc price bull

Contract treatment charges – an indicator market tightness – fall by most on record while inventories drop to levels last seen in 2008.

Dominion Diamond provides exploration update and announces maiden resource at Leslie Pipe at Ekati

Dominion Diamond Corporation today provided an update on its renewed strategic focus on greenfield exploration activities at the Ekati Diamond Mine, Diavik Diamond Mine and other properties in the Lac de Gras region in the Northwest Territories in Canada.

Coal transfer facility challenged in Federal Court

A decision is expected within six months.

Northern Dynasty announces Pebble Project advisory committee

Northern Dynasty Minerals Ltd. reports that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership announced today it has received commitments from five prominent Alaskan and national figures to serve as founding members of an Advisory Committee formed to provide independent, external advice as the Pebble Project advances into federal and state permitting.

Cenovus completes acquisition of assets in Western Canada from ConocoPhillips

Cenovus Energy Inc. has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction.

Australia's miners dragging their feet and being swamped by Canada in Mexico's resources upside

Canadian miners are swarming over Mexico and its high level of mineral prospectivity at the expense of Australia’s explorers and miners who have only made a tentative foray into the Latin America isthmus.

Canada’s Trevali picks up Glencore zinc mines in Africa

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.

China successfully mines flammable ice from the South Sea

During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.

First Quantum to kick off massive $5.48bn copper mine in Panama in just months

Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.

AMC Consultants wants miners to learn about uncertainty

According to AMC, cumulate uncertainty, particularly when it comes to resource estimation, creates serious risks for mining projects.

Australian-Barrick partnership eyes substantial gold upside in Guyana

An Australian company which has teamed up with the largest gold company in the world to exploit a corner of Latin America’s untapped mineral riches, says the bulk of Guyana’s gold production has only “just scratched the surface”.

Nighthawk announces graduation to TSX and appointment of non-executive chairman of the board

Nighthawk Gold Corp. is pleased to announce that it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares on the TSX. The Company will continue to use the stock symbol NHK for trading on the TSX.

Ashanti Gold announces mobilization on Kossanto East in Mali

The project is a 66.41 km2 concession in the prolific Kenieba Inlier, the northwestern-most exposure of Birimian rocks in West Africa.

Here’s why Colombia’s mining sector is losing its shine

Companies are pressing the government to better regulate public consultations and votes on mining projects, as they see legal uncertainty as the industry's main current challenge.

First responsible, conflict-free artisanal gold supply chain operational in Congo

The Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from mine site to export applying regional and international standards.